1201 Ohio Avenue, Long Beach, CA 90804

$1,895,000
6,604
SqFt
List Price
$1,895,000
Status
ACTIVE
MLS#
SB19004253
Year Built
1963
Living Sq. Ft
6,604
Lot Size
5,852
Lot Location
0-1 Unit/Acre
Days on Market
13
Property Type
Multifamily
Neighborhood
Eastside (Es)

Property Description

We are proud to present 1201 Ohio Ave in Long Beach. An amazing opportunity to own a stabilized 7 unit apartment complex in the geographical center of this growing metropolitan city. This property boasts a perfect 2 bedroom/1 bath unit mix all receiving approximately $1,450/month. Close to many of Long Beach's major attractions, shopping centers, and coveted neighborhoods this property's location couldn't be any more centralized. Purchase as a stabilized asset and enjoy the 4.15% CAP rate from day 1, or remodel and enjoy the almost 30% upside potential in this booming rental market. The possibilities are endless!

Additional Information

Tract Number
5769
Lot Description
Curbs, Sidewalks, Street Lighting
Pool Description
None
Garage Spaces Total
4
Sewer
Unknown
Water
Public
Attached Structure
Detached
Total Number of Units
7

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Austin Longwell from Lyon Stahl Investment Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.